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Friday, January 31st
In a country well governed, poverty is something to be ashamed of. In a country badly governed, wealth is something to be ashamed of.
-Confucius
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Markets Today
🌏 Asia-Pacific: Up
🇪🇺 Europe: Up
🇺🇸 United States: Up
🛢️ Oil: Down
⚡Crypto: Up
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Major Market Events
- Walgreens tumbles after suspending steady dividend to save cash
- Markets (and the world) on edge as Trump’s tariff deadline approaches
- Apple Gains on Forecast Following Mixed Holiday-Quarter Results
🤔 My Thoughts
According to data from mega-wealth firm Blackstone, huge amounts of money are leaving the stock market for private companies.
As reported by Bloomberg, big names in investment like Apollo, KKR, and Blackstone are all focusing on the rich to pump up their private equity, credit, and other alternative investments. It’s like they’re all in a race to tap into this new crowd of investors, but the big bucks seem to be heading towards the giants in the field.
Blackstone, for example, started this private wealth business back in 2011, and now they’re managing over $250 billion for individual investors around the globe, dealing in everything from private equity to real estate.
Their fund for individual investors, BXPE, has already scooped up about $8.5 billion since it kicked off last year. That’s according to some regulatory paperwork they filed this week.
Patel added that right now, the average person might only have about 3% of their investments in private markets, but he predicts that’s going to grow big time, leading to a huge influx of cash into this sector.
It’s an exciting opportunity… but often when lots of retail dollars rush into a new asset class, there’s also pain (see crypto) so keep your head on a swivel if you do want to explore this.
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Testimonial of the day
Jim T.: “I made 34% on my first VXX trade with Alex’s new strategy.”